GBP/USD

February 26, 2025

Currently, the GBP/USD currency pair is in an uptrend. As indicated by recent price action and technical indicators on the chart, the pair has been consistently moving higher, suggesting a bullish sentiment in the market. Here’s the suggested trading setup with Take Profit (TP) and Stop Loss (SL) levels for a buy position on GBP/USD:

Buy Position:

  • Entry Price: 1.26709 (enter a buy position as the price continues to rise)
  • Take Profit (TP): 1.26968 (expected target level in the uptrend)
  • Stop Loss (SL): 1.26260 (below recent support to limit risk)

Sell Position (if Stop Loss is triggered):
If the price goes below 1.26260 (indicating a possible reversal):

  • Sell Entry Price: Below 1.26260
  • Take Profit (TP): 1.26096 (next support level)

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